FOUNDATION FOR ISLAMIC SCHOLARSHIP AND TEACHING

EIN: 814621462 501(c)(3) Education

PLEASANTON, CA

Total Revenue
$206,976
Total Expenses
$80,970
Total Assets
$1,274,167
Net Assets
$1,274,167
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
CA
Principal Officer
PERVEZ AKHTAR QURESHI
Phone
9259802903
Tax Period
2019-12-01 to 2020-11-30

FOUNDATION FOR ISLAMIC SCHOLARSHIP AND TEACHING, founded in 2016, is a small nonprofit in the Education sector that reported $207K in total revenue in fiscal year 2019. Revenue surged 45% from the prior year, signaling strong growth momentum. The organization ran a surplus of $126K, a strong 61% operating margin.

Mission

TRADITIONALLY, THE INHERITORS OF THE TRADITION OF ISLAM THE SCHOLARS AND THE SEEKERS OF KNOWLEDGE WERE SUPPORTED BY THEIR COMMUNITY SO THAT THEY COULD BETTER SERVE THEIR OWN COMMUNITIES. TODAY, HOWEVER, SUCH INSTITUTIONAL SUPPORT HAS VANISHED, LEAVING STUDENTS UNWILLING TO PURSUE KNOWLEDGE AND SCHOLARS HANDICAPPED IN THEIR ATTEMPTS TO BOTH TEACH STUDENTS AND MAKE ENDS MEET FOR THEIR OWN FAMILIES. OUR MISSION IS TO FREE SCHOLARS FROM THESE FINANCIAL SHACKLES, ALLOWING THEM TO BE PILLARS OF SUPPORT FOR THEIR COMMUNITIES AND LAMPS OF GUIDANCE FOR THOSE SEEKING KNOWLEDGE. IN THE FACE OF GREATER CHALLENGES FROM CONTEMPORARY DISCOURSE AND IDEOLOGIES, THESE SCHOLARS AND THEIR STUDENTS CAN SERVE AS A BARRIER, PROTECTING MUSLIMS AND ADVANCING THEIR INTERESTS.

Program Service Accomplishments

Program 1
Expenses: $7,397

THE FOUNDATION FOR ISLAMIC SCHOLARSHIP AND TEACHING IS A NON-PROFIT ORGANIZATION PROVIDING FINANCIAL SUPPORT AND ASSISTANCE TO SCHOLARS AND STUDENTS OF CLASSICAL ISLAM. AS A PART OF THE MISSION, WE...

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THE FOUNDATION FOR ISLAMIC SCHOLARSHIP AND TEACHING IS A NON-PROFIT ORGANIZATION PROVIDING FINANCIAL SUPPORT AND ASSISTANCE TO SCHOLARS AND STUDENTS OF CLASSICAL ISLAM. AS A PART OF THE MISSION, WE LOCATE RARE OR UNAVAILABLE ARABIC BOOKS OF RELEVANCE TO TEACHING CLASSICAL ISLAM IN AMERICA FROM AROUND THE WORLD. WE THEN FIND A PUBLISHER TO PRINT THESE BOOKS, SHIP THEM TO THE USA, AND DISTRIBUTE THEM AS GRANTS TO USA-BASED SCHOLARS, STUDENTS, AND THE INTERESTED PUBLIC.

Program 2
Expenses: $5,924

THE FOUNDATION FOR ISLAMIC SCHOLARSHIP AND TEACHING IS A NON-PROFIT ORGANIZATION PROVIDING FINANCIAL SUPPORT AND ASSISTANCE TO SCHOLARS AND STUDENTS OF CLASSICAL ISLAM. AS A PART OF THE MISSION, WE...

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THE FOUNDATION FOR ISLAMIC SCHOLARSHIP AND TEACHING IS A NON-PROFIT ORGANIZATION PROVIDING FINANCIAL SUPPORT AND ASSISTANCE TO SCHOLARS AND STUDENTS OF CLASSICAL ISLAM. AS A PART OF THE MISSION, WE IDENTIFY UNRECOGNIZED, LONG-STANDING VOLUNTEERS IN THE MUSLIM COMMUNITY WHO LACK THE FINANCIAL MEANS TO TAKE A RELIGIOUS PILGRIMAGE AND ORGANIZE A GROUP TRIP WITH THEM AND A SCHOLAR WHO TEACHES THEM BEFORE AND DURING THE TRAVEL. UPON RETURNING, WE PUBLISH THEIR REFLECTIONS IN AUDIOVISUAL AND ESSAY FORM FOR INTERESTED MEMBERS OF THE PUBLIC.

Program 3
Expenses: $38,941

THE FOUNDATION FOR ISLAMIC SCHOLARSHIP AND TEACHING IS A NON-PROFIT ORGANIZATION PROVIDING FINANCIAL SUPPORT AND ASSISTANCE TO SCHOLARS AND STUDENTS OF CLASSICAL ISLAM. AS A PART OF THE MISSION, WE...

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THE FOUNDATION FOR ISLAMIC SCHOLARSHIP AND TEACHING IS A NON-PROFIT ORGANIZATION PROVIDING FINANCIAL SUPPORT AND ASSISTANCE TO SCHOLARS AND STUDENTS OF CLASSICAL ISLAM. AS A PART OF THE MISSION, WE RENT AN APARTMENT AND MAKE IT AVAILABLE FOR VISITING SCHOLARS OF ISLAM AS A BASE OF REGULAR CLASSES AND TEACHING.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2019)

Revenue Breakdown

Contributions & Grants $206,976
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $206,976

Expense Breakdown

Grants Paid $25,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $80,970
Other Expenses $55,970
TOTAL EXPENSES $80,970

Year-over-Year Comparison

2019 2018 Change
Revenue $206,976 $142,954 +0.4%
Expenses $80,970 $58,361 +0.4%
Net Income $126,006 $84,593 +0.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
5
Employees
N/A
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TAHIR ANWAR BOARD MEMBER 1.00
Director
$0 $0 $0
SYED MUBEEN SAIFULLAH BOARD MEMBER 1.00
Director
$0 $0 $0
ABDULLAH RIDWAN QURESHI SECRETARY 3.00
Officer
$0 $0 $0
IBRAHIM HUSAIN QURESHI TREASURER 3.00
Officer
$0 $0 $0
PERVEZ AKHTAR QURESHI PRESIDENT 5.00
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2020 $206,976 $80,970 $1,274,167 $126,006
2019 $142,954 $58,361 $1,148,161 $84,593
2018 $116,000 $52,974 $1,068,312 $63,026
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